Blue Owl Capital (NYSE:OBDC) Stock Price Expected to Rise, JMP Securities Analyst Says

Blue Owl Capital (NYSE:OBDC) had its price objective lifted by equities research analysts at JMP Securities from $16.50 to $17.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ price objective suggests a potential upside of 13.07% from the company’s current price.

A number of other research firms have also weighed in on OBDC. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a report on Tuesday, November 19th. Finally, Wells Fargo & Company increased their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $16.08.

Blue Owl Capital Price Performance

OBDC stock opened at $15.04 on Tuesday. The company has a market capitalization of $5.87 billion, a PE ratio of 9.34 and a beta of 0.83. Blue Owl Capital has a one year low of $13.98 and a one year high of $16.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The company’s fifty day moving average price is $15.11 and its 200-day moving average price is $14.98.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, November 6th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. The firm had revenue of $406.03 million during the quarter, compared to analysts’ expectations of $399.85 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, equities analysts anticipate that Blue Owl Capital will post 1.89 EPS for the current fiscal year.

Institutional Trading of Blue Owl Capital

Several institutional investors have recently added to or reduced their stakes in the company. BlueStem Wealth Partners LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $483,000. Sage Investment Counsel LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at $186,000. Parkside Financial Bank & Trust grew its holdings in shares of Blue Owl Capital by 37.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 9,665 shares of the company’s stock worth $146,000 after purchasing an additional 2,641 shares during the last quarter. Verus Capital Partners LLC increased its stake in Blue Owl Capital by 113.7% in the 4th quarter. Verus Capital Partners LLC now owns 93,336 shares of the company’s stock worth $1,411,000 after buying an additional 49,664 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its holdings in Blue Owl Capital by 1.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 400,286 shares of the company’s stock valued at $6,052,000 after buying an additional 6,889 shares in the last quarter. Institutional investors own 42.83% of the company’s stock.

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.